Fermented Flavor and Fragrance Ingredients Market Analysis, Trends, and Scope 2023 to 2030
Fermented Flavor and Fragrance Ingredients Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1.34 Billion |
Market Size by 2030 | US$ 2.68 Billion |
Global CAGR (2022 - 2030) | 9.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
Industry Developments and Future Opportunities:
Initiatives taken by key players operating in the global fermented flavor and fragrance ingredients market are listed below:
- In July 2020, BASF Nutrition & Health (a German multinational organization) and Isobionics (the Netherlands-based company) launched their first fermented flavor, "Isobionics Santalol," which offers a woody fragrance to the end products. This fragrance is a convincing alternative to sandalwood oil.
- In February 2023, Givaudan SA acquired certain cosmetic ingredients, including Neossance Squalane, Neossance Hemisqualane, and CleanScreen from Amyris Inc. The long-term partnership agreement will allow Amyris to continue manufacturing ingredients for Givaudan's use in cosmetics and provide access to its innovation capabilities.
Competitive Landscape and Key Companies:
Givaudan SA, Firmenich International SA, Takasago International Corp, BASF SE, Evolva Holding SA, Amyris Inc, Insempra GmbH, Conagen Inc, Jeneil Biotech Inc, and Dohler GmbH are among the prominent players profiled in the global fermented flavor and fragrance ingredients market report. These market players adopt strategic development initiatives to expand their business across the globe.